87.13 F
New York
July 13, 2020
Home » Shopping mall operators

Shopping mall operators

CNBC Business

Pandemic deals mightier blow to retail than Great Recession: First-quarter operating income down 58%

CNBC
CNBC – For more and to sign up click here Even when the Great Recession dampened consumer confidence and drove up unemployment things weren’t as bad for retailers as they have been during the current Covid-19 crisis, according to a new analysis from Retail Metrics. Days after the World Health......
CNBC Business

Here’s why the biggest U.S. mall owner might want to buy JC Penney

CNBC
CNBC – For more and to sign up click here Simon Property Group might want to own bankrupt J.C. Penney in order to be able to redevelop some of its best real estate and make it even better, according to one analyst.  “We believe Simon wants to control the J.C.......
CNBC Business

The demise of America’s malls can deal a blow to the towns that depend on them

CNBC
CNBC – For more and to sign up click here Shoppers explore a mostly empty mall on May 12, 2020 in Columbus, Ohio. Matthew Hatcherr/Getty Images The coronavirus pandemic is speeding up the demise of America’s struggling shopping malls, which could deal a devastating blow to some towns that depend......
CNBC Business

25,000 stores are predicted to close in 2020, as the coronavirus pandemic accelerates industry upheaval

CNBC
CNBC – For more and to sign up click here A store stands closed near Wall Street as the coronavirus keeps financial markets and businesses mostly closed on May 08, 2020 in New York City. Spencer Platt | Getty Images One result of the coronavirus pandemic could be as many as 25,000......
CNBC Business

This chart shows just how much America’s malls are incredibly dependent on struggling retailers

CNBC
CNBC – For more and to sign up click here America’s malls are incredibly dependent on struggling retailers, particularly department stores.  And this could prove to be an even bigger issue for mall owners as the rate of retail store closures accelerates rapidly because of the coronavirus pandemic.  A new......
CNBC - Real Estate

The Mall of America hasn’t paid its mortgage in two months

CNBC Real Estate
Ariana Lindquist | Bloomberg | Getty Images Retailers aren’t the only ones struggling to pay the bills.  The biggest shopping center in the country, The Mall of America, has missed two months of payments on its $1.4 billion mortgage, a sign of just how much retail real estate owners are......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More